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Husband and wife property partnerships: Changing the profit-sharing agreement

By Lee Sharpe, January 2021

This is a sample article from our monthly Property Tax Insider newsletter. Get access to our whole business tax article library with a 14-day free trial of Property Tax Insider.

Lee Sharpe considers the tax implications when spouses or civil partners decide to change their profit shares from a property business. 

This article looks at the tax considerations when spouses (or civil partners) change profit shares in their property business. Much depends on whether the business is carried on as a general partnership or ‘merely’ as co-owners, as the special rules for the taxation of

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